A round-up of the latest news, appointments, executive moves and acquisitions from the world of practice during March 2016.
* * *
GT promotes Manchester duo
25 Mar - Grant Thornton has promoted Jason Bell to restructuring director and Philip Stephenson to debt advisory director at its Manchester office.
Bell will focus on providing strategic, financial and operational advice and support to entrepreneurial, mid-corporate businesses and larger corporates, while Stephenson be advising clients on raising funds for a variety of events, such as a M&As or a general refinance.
Carl Williams, north west managing partner at Grant Thornton, said: “Combining Jason's range of experience in the restructuring arena and Philip's deep knowledge of debt advisory, together with Grant Thornton's wider advisory offering, will be a powerful asset for any business leaders seeking to work on their key strategic, financial and leadership issues.”
* * *
Cowgill Holloway invests in young recruits
25 Mar – Cowgill Holloway has hired Dylan Fearon as a tax trainee, strengthening its commitment to developing young talent.
The firm has developed a future stars programme which offers young people the opportunity to embark on a career in accountancy, with a series of week-long placements. Fearon joins from small accountancy firm, and will study towards his ATT qualification.
Lisa Wilson, partner at Cowgill, said: "As a company, we are dedicated to investing in local young people and working with them to develop their skills. Dylan will be a fantastic asset for the team.”
* * *
Kreston Reeves and Spofforths merge
21 Mar - Kreston Reeves and Spofforths are planning to merge, with effect from 1 June.
After the transitional period, where the two firms will integrate people and processes, the firm will be known as Kreston Reeves LLP. The new firm anticipates it will have a turnover of around £30m, delivered by 55 partners and more than 450 staff, spread across 10 locations in the South East. Further merger details will emerge in late May 2016.
Richard Spofforth, Managing Partner of Spofforths, said: “For all the combined partners and staff there will be greater career development, fulfilment and all the other benefits that come from working as part of an ambitious and expanding firm.”
* * *
Former GT associate director joins EY
21 Mar – Barry Moss, a former Grant Thornton associate director, will join EY as its corporate finance team’s assistant director.
Moss spent over 10 years working for Grant Thornton, with a stint working for Sanctuary Housing association sandwiched in between. Moss’ appointment adds to EY’s Midlands head count 7% growth over the past year.
Moss said: "With its experienced and dedicated team, ambitious growth strategy and strong brand in the Midlands, EY has a significant opportunity to grow as conditions continue to improve and confidence returns to the marketplace."
* * *
Jerroms Priddey appoints new director
18 Mar –Jerroms Priddey has appointed Jeremy Cope as the new director for its Bromsgrove practice.
Cope joins Jerroms Priddey from Smith Cooper, where he served as a partner and head of audit for over seven years. Cope has experience working with businesses in the manufacturing, construction and retail sectors.
Richard Horton, Jerroms Priddey’s director, said: “[Cope’s] arrival will complement our existing team in Bromsgrove and will help us with our main focus of supporting owner managed businesses with business strategies and plans, accountancy, access to finance and specialist taxation advice."
* * *
FRP Advisory joins the Prime Global network
14 Mar – FRP Advisory has set its sights on growing overseas by joining PrimeGlobal, one of the five largest associations of independent accounting firms in the world.
FRP Advisory provides restructuring and insolvency services. PrimeGlobal connects 300 firms in 90 countries across 800 offices.
Thierry Delvaux, PrimeGlobal EMEA chief regional officer, said: "PrimeGlobal member firms worldwide are grateful and pleased to welcome a firm with the skills and expertise of FRP Advisory to the circle of advisors and colleagues on whom they can rely for advice in this critical area, and with whom they can share business opportunities."
* * *
DHH accountants merge with Baldwins
15 Mar - Hagley based DHH accountants has agreed to merge with Baldwins accountants.
Staff will move with immediate effect into Baldwins Accountants’ Stourbridge office. Last month, Baldwins opened offices in Coventry, Oswestry, Ilkeston and Shrewsbury.
Commenting about the merger, Nick Webb of DHH accountants said: “We both consider it important to give our customers value added services and by bringing our teams together in one office in Stourbridge, we will be providing access to the wide range of financial services which businesses need to grow whatever their sector or size.”
* * *
Haywood Wright acquires Bushell Smith Harman
14 Mar - Haywood Wright has acquired Solihull practice Bushell Smith Harman in an undisclosed deal.
Bushell Smith Harman will trade under Haywood Wright, and its owner, Richard Harman, will remain as a consultant to the business. Bushell Smith Harman has been operating for over 50 years with clients across the West Midlands.
Commenting after the deal, Harman said: “The deal will be seamless for our clients as it will see them continuing to benefit from the personal service we know they like and have valued over many years. Being part of Hayward Wright will also allow us to offer a far greater range of specialisms, new expertise and insight.”
* * *
Apprentice advances to partner
14 Mar - Andrew Dewing has been promoted to a partner at Stockton based Anderson Barrowcliff 20 years after joining the firm as an apprentice.
Dewing works as an auditor, associate and business adviser with a range of clients. Dewing’s promotion expands Anderson Barrocliff’s number of partners to six.
Dewing said: "I am very proud to be able to prove that an apprenticeship can be the first valid step in forging a career path that can lead to the very top."
* * *
PKF Cooper Parry launches new division
9 Mar - PKF Cooper Parry has created a Cooper Parry Wealth following its merger with Clement Keys.
Chief executive Stephen Jones will lead the new division which will focus on wealth management and financial planning from PKF’s Edgbaston office.
Jones said: "Our business continues to grow and the West Midlands is an important new market for us, building on the success we have had in the East Midlands and further afield."
* * *
Dunkley’s appoints two new directors
4 Mar - Dunkley’s has appointed Lisa White and Matthew Dobbins as two new Directors.
White arrives with over 20 years’ experience in the accountancy industry. Dobbins brings with him 17 years accounting experience, spending 10 of those years with Dunkley’s. The new Directors will provide continued expert advice to the firm’s already established client base.
Commenting on Dunkley's increased growth and turnover, White said “We have a long-standing and diverse client base. Our team pride themselves on providing expert advice across all disciplines of the practice. Yes, we are growing and will continue to grow over the coming years, but we still deliver a personal and considered approach to each client.”.
* * *
Duncan & Toplis celebrates award victory
4 Mar - Duncan & Toplis has been named medium accountancy firm of the year at the Nottingham, Derby and Lincoln Society of Chartered Accountants’ awards for the third year running.
The practices were judged on their business success, contribution to the East Midlands economy, and community engagement. The firm’s Jade Fernandes shared in award success, winning trainee chartered accountant of the year
Adrian Reynolds, Managing Director at Duncan & Toplis, said: “To be crowned winners three years in a row is testament to the hard work that we do. We’re very proud to have been recognised by our peer group.
* * *
VAT director joins Menzies LLP
4 Mar- Robert Facer has joined Menzies LLP as director of VAT.
Facer previously worked for Moore Stephens for nine years, and brings his 22 years of experience in all aspects of VAT to the role. Although he will be based in London, Facer will visit the firm’s other seven offices.
Facer said: “Menzies is going through a period of real growth and now is an exciting time to be joining the team. I’m looking forward to further developing a leading VAT practice and demonstrating the value of the firm’s expertise to new and existing clients.
* * *
PwC bolsters pension team
4 Mar - PwC has appointed Andrew Drake to lead its regional pensions investment consulting activities.
Drake served as managing director at River and Mercantile and held a number of leadership positions across the pension industry. In his new position, Drake will focus on providing advice to trustees.
Selina Hall re-joins PwC as senior manager of the pensions’ team. Hall will advise on operational management of their pension schemes as well as delivering pension change projects.
Andrew Drake, new partner at PwC, said: "I'm thrilled to be joining PwC at this exciting stage. I'm looking forward to working in an organisation with the reach and expertise needed to tackle the complex nature of the pension problem.
* * *
RMT appoints new client services lead
3 Mar - RMT Accountants and Business Advisors, based in Gosford, have hired Michael McGee to manage its client services team.
McGee will assist RMT’s business owners with their commercial strategies. McGee joins RMT after 12 years of experience with Harlands accountants, based in Durham.
Mike Pott, managing director at RMT, said: "Michael has an impressive track record and reputation within the industry, and we're very pleased to be able to strengthen our client services team through his appointment."
* * *